Last week a wealthy group of crypto investors tried (and failed) to buy the US Constitution. This week on “Opinion,” Ben, Anna and Danny talk about why. Recorded one day before the auction, this week’s episode explores the difficult issues faced by decentralized autonomous organizations (DAOs) after ConstitutionDAO.
To begin with, how should DAOs organize themselves? Should it be one wallet, one vote or should larger contributors get a bigger share of the pie? Most projects follow the latter, but ConstitutionDAO’s unique focus on an important document in the history of democracy forces the question, Danny thinks.
This could prove to be an inflection point for DAO as a whole, no matter the outcome. Media attention is rampant, new wallets are joining the movement. Maybe it didn’t work for ConstitutionDAO but, as the band points out, this form of lightning funding is only just beginning.
This episode was produced, announced and edited by Michele Musso. Our theme song is by Elision.